Actor Nicolas Cage movie star is facing financial problems of business, 'Leaving Las Vegas' star Nicolas Cage is apparently in dire straits. The actor has filed a $20 million lawsuit against his former business manager, alleging that bad advice and mismanagement led him toward financial ruin. Cage brought the suit against Samuel J. Levin and his firm, according to the Associated Press.
Levin was Cage's business manager from 2001 to 2008, and Cage claims he was unaware of the damaged state of his finances until he herid new management.
"Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed
Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses," the lawsuit states.
Levin, a licensed certified public accountant, has practiced in California for nearly 25 years and has no public record of disciplinary actions.